HDFC Bank Micro Enterprise Credit Card
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Business · Open to new applications · Earns CashPoints
First-year fee
₹0
NilWhat it gives back
2 CashPoints per ₹200 points · everyday spends
Our calculation
0.2% value back
How it compares
Compared with the cards we have read
Fees
Joining fee
₹0Nil
Welcome offer
Welcome benefit
₹250 gift voucher on first transaction within 37 days
Rewards
Reward rate
2 CashPoints per ₹200 points · everyday spends2 CashPoints per ₹200 on other spends.
EMI spend earning
Reward Points /CashPoints accrued will be reversed if a retail transaction is converted into SmartEMI.
Fuel earning
2X CashPoints on fuel and bill payments on achieving ₹10,000 spends per billing cycle (capped at 500 CashPoints per cycle)
Government spend earning
Government related transactions will not earn Reward Points/CashPoints on all the cards except BizBlack Metal Card, BizPower, BizGrow, Micro Enterprise Card, BizFirst, GIGA Business.
Rent earning
Rent payments will not earn Reward Points /CashPoints.
Utilities earning
2X CashPoints on bill payments on achieving ₹10,000 spends per billing cycle (capped at 500 CashPoints per cycle)
Reward exclusions
Excluding rent, wallet, education, EMI
Reward caps
Capped at 5,000 CashPoints per billing cycle.
Cashback redemptionStatement-credit redemption
Value for cashback redemption against the statement balance: 20 paise per point.
Hotel redemption
For flight and hotel bookings, Credit Card members can redeem up to a maximum of 70% of the booking value through Reward Points /CashPoints.
Voucher and product redemption
Redeem upto 70% of product/Voucher value through Reward Points /CashPoints on select vouchers/products
Point expiry
Reward Points /CashPoints are valid only for 2 years
What one reward unit is worth
1 CashPoint = ₹0.20
Online earning
Not offered — education related transactions will not earn Reward Points/CashPoints
Also included
Fuel surcharge waiver
1% waiver on fuel transactions.
Surcharge on railway tickets
Railway Ticket Purchase Fee: 1%.
Insurance benefit
Access to Business Insurance
Lost card liability
The cardmember is wholly liable for all transactions prior to reporting the loss of the card; after the bank receives proper notification of the loss, the cardmember's subsequent liability is zero.
Balance transfer terms
1% processing charge
Charges
Forex markup
3.5% on foreign currency transactions.3.50% of transaction value
Dynamic currency conversion markup
With effect from 15th May 2026, a Markup fee of 1 .75 % will be levied on all transactions carried out in Indian Currency at an international location or at merchants which are located in India but registered overseas
Cash advance fee
Not Applicable for Micro Enterprise Card as cash withdrawal is not allowed
Interest on unpaid balance
1.5% per month (APR 18%)
Interest-free period
Interest free credit period ranges from 25 to 55 days
Late payment fee
₹100 or less: Nil; ₹101 to ₹500: ₹100; ₹501 to ₹1,000: ₹500; ₹1,001 to ₹5,000: ₹600; ₹5,001 to ₹10,000: ₹750; ₹10,001 to ₹25,000: ₹900; ₹25,001 to ₹50,000: ₹1,100; more than ₹50,000: ₹1,300 (excl. GST)
Over-limit fee
Over-limit charge of 2.5% of the overlimit amount, subject to a minimum of ₹550, applicable on total outstanding exceeding the credit limit, basis explicit consent
Payment return or dishonour fee
2% of Payment amount subject to minimum of ₹450 (applicable for cheque payment return or unsuccessful payment attempt through Autopay facility)
Statement or duplicate statement fee
Duplicate physical statement charges: ₹10 per duplicate physical statement.
Card replacement fee
₹199 for non-metal cards; ₹3,500 for metal cards.
Cash payment / cash deposit fee
₹100 (for all card payments made by depositing in HDFC Bank branches or ATMs)
Education / school fee charge
1% fee on education transactions done through third party applications like (but not limited to) CRED, Nobroker, Cheq etc., capped at ₹4999 per transaction; education transactions done directly through college / school websites or through POS machines at their premises, and international education transactions, will not be charged.
EMI conversion fee
Smart EMI processing fee upto ₹849 (exclusive of GST for all loan amounts), depending on the customer’s eligibility/offer details; EasyEMI processing fee: an EMI processing fee of upto ₹299 for customers availing EMI facility at merchant
Fee on online skill-based gaming spends
1% fee on Online Skill based gaming spends exceeding ₹10,000 in a calendar month, applied on the total Online skill-based gaming spends in a calendar month; fee capped at ₹4999 per month.
Foreign ATM fee
Cash from ATMs in India or abroad: transaction fee of 2.5% or ₹500, whichever is higher, levied on the amount withdrawn and billed in the next statement.
Reward redemption fee
₹99 + GST per catalogue redemption request
Wallet load charge
From 1st July 2025, 1% fee on wallet loading spends (excl PayZapp) exceeding ₹10,000 in a calendar month; fee applied on the total wallet loading spends in the calendar month; fee capped at ₹4999 per month
Fuel transaction fee
1% fee on fuel transactions exceeding ₹15,000 for consumer cards (₹30,000 for business cards), applied on the total transacted amount; fee capped at ₹4999 per transaction.
Rent transaction fee
1% fee on transaction amount will be levied on rental transactions done on any applicable merchant for the month. Fee capped at ₹4999 per transaction.
Utility transaction fee
1% fee on utility spends exceeding ₹50,000 per calendar month for consumer cards (₹75,000 per calendar month for business cards), applied on the total utility spends in a calendar month; fee capped at ₹4999 per month.
GST note
GST is applicable on all Fees, Interest, and other Charges
Minimum amount due
MAD (WEF June’25) = Total GST + EMI amount + 100% of Fees/Charges + Overlimit Amount (if any) + 5% of (Finance Charge + Retail Spends + Cash Advance) when that 5% is higher than the Finance Charge; otherwise 100% of Finance Charges + 5% of (Retail Spends + Cash Advance)
Eligibility
Age the primary cardholder must be
21 to 65 years
Eligibility
Self-employed Indian citizen aged 21 to 65 years with annual ITR above ₹6 lakh.
Income requirement
Annual Income Tax Return (ITR) above ₹6 lakh
Income, self-employed
Annual ITR above ₹6 lakh.
Documents required
Income Tax Return (ITR), GST Returns, or Udyam registration Number
In the terms, not the brochure (1)
Whether carrying a balance ends the interest-free period
This period will be free of interest only if all previous dues are paid in full and there is no unpaid balance carried over from previous months.